By MOOK Scenic Spots Editorial Team
Since the U.S. presidential election, the Japanese yen has continued to weaken due to the strengthening of the international dollar. On December 12th, according to the latest exchange rate published by Taiwan Bank, the cash yen-to-Taiwan dollar rate fell below 0.28 shortly after the market opened and has continued to decline to 0.2789 (at 10:07 AM), meaning one Taiwan dollar can now be exchanged for 3.58 yen—marking a 10-month low and great news for travelers heading to Japan.
Yen falls below 0.28, hitting a 10-month low (Photo / MOOK Scenic Spots)
U.S. President-elect Trump is expected to roll out economic stimulus policies that may increase inflation, causing the yen to slide continuously. In less than a month, it has fallen below the 0.28 mark again. For example, NT$10,000 could be exchanged for 32,873 yen on November 8th, but today it can be exchanged for 35,855 yen—a difference of 2,982 yen, enough to cover a Tokyo Disneyland ticket with money left over.
The exchange rate has fallen below 0.28 and continues to decline (Image source / Taiwan Bank)
Travelers planning a trip to Japan should seize this opportunity. With the recent U.S. economic stimulus measures, the market expects the Japanese government to respond accordingly. Coupled with Japan’s prime autumn foliage season and the upcoming winter holiday light festivals, it’s a great time to exchange your yen and plan a special winter trip to Japan.
［Update］0.2788 (2016/12/13 09:45)
［Update］0.2792 (2016/12/14 15:36)
Exchange now – the yen is expected to rise in 2017
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